-LRB- CNN -RRB- The family of James McNair , the late comedian known as `` Jimmy Mack , '' has settled a lawsuit with Walmart over the auto accident that killed him and injured fellow comedian Tracy Morgan , McNair 's family says .

McNair 's sister , Pamela McNair , said the amount agreed upon is confidential , but was satisfactory to all parties .

`` There is no value , no dollar amount , on my brother 's life at all , '' she said . `` But in terms of finances , it will assist the family a great deal to continue living life . ''

McNair was the father to 26-year-old Jamel and 19-year-old Danita and was the oldest of seven siblings he `` cared for greatly , '' Pamela said .

`` There 's nothing we can do to change what happened , '' Walmart said . `` Walmart and the McNair family have worked closely together to reach an agreement . Walmart continues to work with others involved in the accident and we will continue to do what 's right . ''

Last June , a limo bus carrying Morgan , McNair and their companions was rear-ended by a Walmart truck on the New Jersey Turnpike . The crash killed McNair and left Morgan with a severe brain injury and their colleagues with other injuries .

A preliminary report by the National Transportation Safety Board said the Walmart truck was traveling 20 mph over the speed limit , and that its driver was almost at his drive-time limit .

In July , four parties filed suit against Walmart , stating in a complaint that `` the defendants ' negligence was a substantial contributing factor in causing plaintiffs ' injuries . ''

Pamela McNair said the family will continue carrying on James ' legacy as a humanitarian , and the finances from the settlement will help .

`` My brother has done a lot for the community . He mentored the youth for the community , he worked at the homeless shelter . Little things that he 's done are truly missed , '' McNair said .

`` He was a great comedian , but he was a good family person first and foremost . He loved life and wanted others to love life as well . He was a humanitarian . ''

The mayor of McNair 's hometown , Peekskill , New York , has named June 12 in his honor , she said .

Tracy Morgan 's lawyer told CNN in November that he was still recovering from the car accident that left him with a `` severe brain injury '' and is fighting to return to the person he once was .

McNair said her family has not been in contact with the Morgan family .

`` It 's kind of heartbreaking , '' McNair said . `` I understand he has his own medical situation , I want the best for him , I 'm praying for his recovery , but I felt that someone could have reached out to the family . ... My brother and Tracy had a very long relationship as friends and it is heartbreaking we have n't heard from anyone . ''

CNN 's Chuck Johnston and Alexandra Field contributed to this report .

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Wreck with Walmart truck killed James McNair and injured Tracy Morgan

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James McNair performed under the name `` Jimmy Mack '' and was Morgan 's friend